The weekly price assessment for Turkish domestic cold rolled coil (CRC) was $590-600 per tonne ex-works on June 30, narrowing downward from $590-605 per tonne ex-works on June 2.

“Prices will increase [as] Chinese prices are also increasing,” one market participant said on June 30.

Coated coil
Coated coil prices also increased over June in Turkey, in line with increasing HRC and CRC prices.

Demand remained moderate for coated steel in the country as it was the Islamic holy month of Ramadan, followed by the post-Ramadan Eid Al-Fitr break at the end of the month.

The weekly price assessment for Turkish domestic 0.50mm hot dipped galvanized coil (HDG) was $725-760 per tonne ex-works on June 30, rising from $700-720 per tonne ex-works on June 2.

The weekly price assessment for Turkish domestic pre-painted galvanized iron (PPGI), or colour-coated coil, of 0.50mm gauge, with 9002 colour code, was $800-845 on June 30, rising from $779-800 per tonne ex-works on June 2.

Import prices
Turkish buyers booked HRC from Ukraine and Russia in June, but not many CRC bookings were heard in the month.

A total of 30,000 tonnes of HRC was booked from Ukraine at $450-455 per tonne cfr. The buyers were tube and pipe makers, and CRC producers.